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Cementir Holding

CR
Bloomberg   CEM IM
Cement & Aggregates  /  Italy  Web Site   |   Investors Relation
Also operates in : Holding Companies
Solid position in a niche market
Target
Upside 34.5%
Price (€) 13.08
Market Cap (€M) 2,081
Perf. 1W: 7.04%
Perf. 1M: 18.7%
Perf. 3M: 22.9%
Perf Ytd: 24.1%
10 day relative perf. to stoxx600: 9.03%
20 day relative perf. to stoxx600: 9.44%
NAV Change15/01/2025 11:27

Change in NAV€ 14.7 vs 11.9+22.9%

We have revised our valuation method for the company’s Turkish asset, shifting from a multiple based on cement capacity to the market value of the asset, as it is publicly listed under the name Çimentas Izmir. Cementir Holding owns 96.7% of Çimentas Izmir, which now accounts for 44% of its NAV.



Change in DCF€ 16.9 vs 14.9+13.1%

We have lowered our long-term expectations for green capex for Cementir Holding, as its CCS project with Air Liquide has been selected for a grant by the EU Innovation Fund. We believe this CO2 reduction investment could enable the company to gradually decrease its green investment requirement over time.



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